Mujeres En Desarrollo Group
These women are active and very hard-working, and most of them work making handicrafts (weaving hammocks and bedspreads). Through this loan, they are seeking a little more support to increase their families' incomes and improve their quality of life.
Jorgelina is one of the committee members, who also works weaving hammocks and bedspreads. Her creations are sold in various businesses in a range of cities, such as San Lorenzo, Capiata and Asunción.
The group needs this loan to invest in their respective lines of business, and thus achieve sustainable growth which will allow them to make progress as individuals and as a group.
Estas Señoras son activas muy trabajadoras y la mayoría se dedica a la actividad de artesanía (tejido de hamacas, sobrecamas). Ellas buscando un poco más de apoyo para fomentar a través del crédito sus ingresos familiares y mejorar su calidad de viD..
La señora Jorgelina es una de las integrantes del comité y también se dedica a tejido de hamacas y sobrecamas y la venden en varios negocios de varias ciudades como San Lorenzo, Capiata, Asunción.
Necesitan de esta operación crediticia para invertir en sus respectivos trabajos y así poder lograr un crecimiento sostenible que les haga crecer como grupo y en forma individua.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid